Validator ApS
Key figures
- Return on assets
- -33.5%
- Return on equity
- –
- Current ratio
- 22.6%
- Equity ratio
- -9.8%
Profit and loss
| Reporting period | |
|---|---|
Operating profit | -105,243 |
Tax expense | -24,559 |
Profit/loss for the year | -80,768 |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 51,679 |
Current assets | 77,226 |
Non-current assets | 237,371 |
Total assets | 314,597 |
Equity | -30,768 |
Liabilities | 345,365 |
Current liabilities | 342,008 |
Working capital
| Reporting period | |
|---|---|
Other current receivables | 988 |
Trade payables | 44,713 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 50,000 |
Retained earnings | -80,768 |
Investments and assets
| Reporting period | |
|---|---|
Property, plant and equipment | 44,128 |
Annual report highlights
Business and development
The Company's core activity is, to participate in the operation of next generation distributed ledger technology by providing essential IT infrastructure and services.
The income statement for 2018 shows a loss of DKK 80,768, and the balance sheet at 31 December 2018 shows a negative equity of DKK 30,768. Management considers the Company's financial performance in the year as expected. The Company has lost more than half of the share capital. Management expects the Company to reestablish the equity through future earnings.
The company has received liquidity commitment from the parent company in order to fulfill budget and plan until 31 December 2019.
Risks and material matters
The company has received liquidity commitment from the parent company in order to fulfill budget and plan until 31 December 2019.
No events materially affecting the Company's financial position have occurred subsequent to the financial year-end.
Commitments and security
Other contingent liabilities
As a consolidated entity, the Company has joint and several unlimited liability, together with other consolidated entities, for all Danish corporation taxes and withholding taxes on dividend, interest and royalties within the joint taxation group.…
The Company has not provided any security or other collateral in assets at 31 December 2018.